Medical Office
New
For Sale
$2,799,900
2221 NORTH Boulevard W, Davenport, FL 33837
Commercial Sale, DAVENPORT, FL
Property Size7,600 SF
Lot Size0.25 Acres
Price / SF$368.41
Days on Market1
Property Features for 2221 NORTH Boulevard W
General Information
Property type
Commercial Sale
Property subtype
Office
Subdivision
FLA DEV CO SUB
Directions
From US-27, head west on North Blvd W. Property will be on the right.
Standard status
Active
APN
27-27-05-726000-040151
Size
7,600 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FLA DEVELOPMENT CO SUB PB 3 PG 60 THRU 63 THAT PT OF TRACT 15 IN SW1/4 DESC AS: COMM NW COR OF SW1/4 OF SEC E ALONG N BNDRY OF TRACTS 1 & 2 661.36 FT TO NE COR OF TRACT 2 S ALONG E BNDRY OF TRACTS 2 & 15 1038.79 FT W 83.69 FT TO POB S 120 FT W 85.33 FT N 46.33 FT W 16 FT N 27.33 FT E 16 FT N 46.34 FT E 85.33 FT TO POB
Tax Annual Amount
20401
Legal Description
FLA DEVELOPMENT CO SUB PB 3 PG 60 THRU 63 THAT PT OF TRACT 15 IN SW1/4 DESC AS: COMM NW COR OF SW1/4 OF SEC E ALONG N BNDRY OF TRACTS 1 & 2 661.36 FT TO NE COR OF TRACT 2 S ALONG E BNDRY OF TRACTS 2 & 15 1038.79 FT W 83.69 FT TO POB S 120 FT W 85.33 FT N 46.33 FT W 16 FT N 27.33 FT E 16 FT N 46.34 FT E 85.33 FT TO POB
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2002
Floors in Building
1
Building materials
Block, Concrete
Roof type
Shingle
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Daniel McIntee · License #3385913
(877) 366-2213
Added: Aug 27
Last Checked: Aug 27 at 9:06PM
MLS# P4939624
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 7,600-square-foot medical office property was built in 2002 on a 0.25-acre parcel. The building is currently occupied by medical and professional office users, including an OB/GYN office, and offers a layout adaptable to healthcare, administrative, and other professional operations. Block and concrete construction, central heating and central air, a shingle roof, public water, and public sewer support the existing improvements.
The property is located at 2221 North Boulevard W in Davenport, near US-17/92. Its position provides access to downtown Davenport, Haines City, Posner Park, I-4, and US-27, with nearby residential development, shopping, dining, medical services, and other businesses.
The property is located at 2221 North Boulevard W in Davenport, near US-17/92. Its position provides access to downtown Davenport, Haines City, Posner Park, I-4, and US-27, with nearby residential development, shopping, dining, medical services, and other businesses.
Key Highlights
- 7,600‑square‑foot medical office property on a 0.25‑acre parcel
- Built in 2002 with block and concrete construction
- Current occupancy includes medical and professional office users
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$95,500
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,910,000
$1.9M
Cap Rate 7%
$1,364,286
$1.4M
Cap Rate 9%
$1,061,111
$1.1M
Market Conditions
NOI Build-Up for 7,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$177.8K $23.40/SF
− Vacancy
−$18.7K −$2.46/SF
EGI
$159.2K $20.94/SF
− OpEx
−$63.7K −$8.38/SF
NOI
$95.5K $12.57/SF
Area
Polk County, FL
Vacancy
10.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,910,000
Cap Rate 7%
$1,364,286
Cap Rate 9%
$1,061,111
Alternative Uses
Best Use
Healthcare Medical
$1.36M
$1.19M – $1.59M
NOI $95,500 @ 7.0% cap · market cap 3.41%
Second Best
Office B
$1.33M
$1.17M – $1.56M
NOI $93,366 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,844 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33837, FL
36,302
Population
19,082
Households
1.9
Avg Household Size
40
Median Age
27%
College-Educated
90%
High-School Grad
51.3 sq mi
ZIP Area
708
Density / Sq Mi
$75,861
Median Household Income
$39,246
Median Earnings
$1,739
Median Rent
$297,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing occupancy includes medical and professional office users in a flexible commercial layout.
Where is this medical office space located?
The property is located at 2221 NORTH Boulevard W Davenport, FL.
What is the asking price?
The asking price for this property is $2,799,900.
What are key features of this property?
This property features: 7,600‑square‑foot medical office property on a 0.25‑acre parcel; Built in 2002 with block and concrete construction; Current occupancy includes medical and professional office users
